NASDAQ:IREN Iris Energy (IREN) Stock Price, News & Analysis → [BUY ALERT] Our #1 A.I. Stock for March (From Behind the Markets) (Ad) Free IREN Stock Alerts $5.40 +0.03 (+0.56%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$5.33▼$5.9550-Day Range$3.65▼$8.3052-Week Range$2.70▼$9.69Volume13.57 million shsAverage Volume8.85 million shsMarket Capitalization$360.18 millionP/E RatioN/ADividend YieldN/APrice Target$12.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Iris Energy alerts: Email Address Iris Energy MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside122.2% Upside$12.00 Price TargetShort InterestHealthy1.10% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.03Based on 9 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.01) to $0.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.58 out of 5 starsOils/Energy Sector92nd out of 238 stocksNondepository Credit Institutions Industry11th out of 45 stocks 3.5 Analyst's Opinion Consensus RatingIris Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.00, Iris Energy has a forecasted upside of 122.2% from its current price of $5.40.Amount of Analyst CoverageIris Energy has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.10% of the float of Iris Energy has been sold short.Short Interest Ratio / Days to CoverIris Energy has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Iris Energy has recently decreased by 58.54%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldIris Energy does not currently pay a dividend.Dividend GrowthIris Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IREN. Previous Next 3.4 News and Social Media Coverage News SentimentIris Energy has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Iris Energy this week, compared to 3 articles on an average week.Search Interest51 people have searched for IREN on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.MarketBeat FollowsOnly 12 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Iris Energy insiders have not sold or bought any company stock.Percentage Held by Insiders21.55% of the stock of Iris Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions41.08% of the stock of Iris Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Iris Energy are expected to grow in the coming year, from ($0.01) to $0.88 per share.Price to Book Value per Share RatioIris Energy has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the Markets[BUY ALERT] Our #1 A.I. Stock for MarchIt's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.Get the name of the stock here - before it takes off >>> About Iris Energy Stock (NASDAQ:IREN)Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.Read More IREN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IREN Stock News HeadlinesMarch 28, 2024 | markets.businessinsider.comWhat Analysts Are Saying About Iris Energy StockMarch 26, 2024 | msn.comHut 8, Iris Energy among financial moversMarch 29, 2024 | Behind the Markets (Ad)[BUY ALERT] Our #1 A.I. Stock for MarchIt's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.March 25, 2024 | benzinga.comUnpacking the Latest Options Trading Trends in Iris EnergyMarch 22, 2024 | finance.yahoo.comIs Iris Energy Limited (NASDAQ:IREN) Trading At A 50% Discount?March 19, 2024 | americanbankingnews.comIris Energy (NASDAQ:IREN) Price Target Lowered to $9.50 at B. RileyMarch 17, 2024 | finance.yahoo.comIREN Mar 2024 6.500 callMarch 15, 2024 | investorplace.com7 Penny Stocks That Can Make You a Millionaire in One YearMarch 29, 2024 | Behind the Markets (Ad)[BUY ALERT] Our #1 A.I. Stock for MarchIt's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.March 13, 2024 | finance.yahoo.comThe Zacks Analyst Blog Highlights NVIDIA, Coinbase Global, Block, CleanSpark and Iris EnergyMarch 11, 2024 | finance.yahoo.comIREN Mar 2024 12.500 callMarch 11, 2024 | finance.yahoo.comIREN Mar 2024 6.500 putMarch 10, 2024 | finance.yahoo.comIREN Mar 2024 8.500 callMarch 9, 2024 | ca.finance.yahoo.comIREN Mar 2024 3.500 putMarch 6, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Synchrony Financial (SYF) and Iris Energy (IREN)March 6, 2024 | globenewswire.comIREN Announces Monthly Investor Update for February 2024March 4, 2024 | finance.yahoo.comIREN Mar 2024 7.500 putMarch 2, 2024 | msn.comBitcoin mining firms struggles continue after Bitcoin ETF approvalMarch 1, 2024 | finance.yahoo.comIREN Mar 2024 14.000 callMarch 1, 2024 | finance.yahoo.comIREN Mar 2024 8.000 putFebruary 26, 2024 | globenewswire.comIREN provides 20 EH/s expansion updateFebruary 24, 2024 | finance.yahoo.comIREN Mar 2024 9.000 callFebruary 23, 2024 | ca.finance.yahoo.comIREN Feb 2024 9.500 putFebruary 23, 2024 | ca.finance.yahoo.comIREN Feb 2024 10.000 putFebruary 23, 2024 | benzinga.com3IREN : Peeling Back The Layers: Exploring Iris Energy Through Analyst InsightsFebruary 22, 2024 | markets.businessinsider.comPeeling Back The Layers: Exploring Iris Energy Through Analyst InsightsFebruary 20, 2024 | investorplace.comThe 3 Best Blockchain Stocks to Own for the Coming ‘Read, Write, Own' EraSee More Headlines Receive IREN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Iris Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/15/2024Today3/28/2024Next Earnings (Estimated)5/16/2024Fiscal Year End6/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:IREN CUSIPN/A CIK1878848 Webirisenergy.co Phone61-2-7906-8301FaxN/AEmployees100Year FoundedN/APrice Target and Rating Average Stock Price Target$12.00 High Stock Price Target$24.00 Low Stock Price Target$9.00 Potential Upside/Downside+122.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current Ratio3.38 Quick Ratio3.38 Sales & Book Value Annual Sales$75.51 million Price / Sales4.77 Cash FlowN/A Price / Cash FlowN/A Book Value$4.58 per share Price / Book1.18Miscellaneous Outstanding Shares66,700,000Free Float52,328,000Market Cap$360.18 million OptionableOptionable Beta3.07 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. William Roberts (Age 34)Co-Founder, Co-CEO & Director Comp: $2.97MMr. Daniel Roberts (Age 40)Co-Founder, Co-CEO & Director Comp: $2.97MMs. Belinda Nucifora (Age 51)Chief Financial Officer Comp: $533.79kMr. David Shaw (Age 57)Chief Operating Officer Comp: $591.7kMs. Cesilia Kim (Age 49)Chief Legal & Risk Officer Comp: $475.35kMr. Denis Skrinnikoff (Age 40)Chief Technology Officer? Lincoln TanSenior Manager of Investor RelationsHeather MillerVice President of People, Culture & CommunityKent DraperChief Commercial OfficerMs. Yvonne MartinsGroup Financial ControllerMore ExecutivesKey CompetitorsOil States InternationalNYSE:OISSkeena ResourcesNYSE:SKESolaris Oilfield InfrastructureNYSE:SOIMatrix ServiceNASDAQ:MTRXW&T OffshoreNYSE:WTIView All CompetitorsInstitutional OwnershipQuadrature Capital LtdBought 203,976 shares on 3/25/2024Ownership: 0.348%Wellington Management Group LLPSold 14,293 shares on 3/5/2024Ownership: 0.025%Goldman Sachs Group Inc.Bought 116,921 shares on 3/1/2024Ownership: 0.175%Quarry LPBought 40,000 shares on 2/20/2024Ownership: 0.000%Prelude Capital Management LLCBought 24,172 shares on 2/15/2024Ownership: 0.036%View All Institutional Transactions IREN Stock Analysis - Frequently Asked Questions Should I buy or sell Iris Energy stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iris Energy in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IREN shares. View IREN analyst ratings or view top-rated stocks. What is Iris Energy's stock price target for 2024? 6 analysts have issued 12-month price targets for Iris Energy's shares. Their IREN share price targets range from $9.00 to $24.00. On average, they expect the company's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 122.2% from the stock's current price. View analysts price targets for IREN or view top-rated stocks among Wall Street analysts. How have IREN shares performed in 2024? Iris Energy's stock was trading at $7.15 at the beginning of the year. Since then, IREN shares have decreased by 24.5% and is now trading at $5.40. View the best growth stocks for 2024 here. Are investors shorting Iris Energy? Iris Energy saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,020,000 shares, a decrease of 58.5% from the February 29th total of 2,460,000 shares. Based on an average daily volume of 8,790,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.1% of the company's stock are short sold. View Iris Energy's Short Interest. When is Iris Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. View our IREN earnings forecast. How were Iris Energy's earnings last quarter? Iris Energy Limited (NASDAQ:IREN) announced its quarterly earnings data on Thursday, February, 15th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $42.57 million for the quarter, compared to analysts' expectations of $37.58 million. What ETFs hold Iris Energy's stock? ETFs with the largest weight of Iris Energy (NASDAQ:IREN) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Grayscale Future of Finance ETF (GFOF), VanEck Digital Transformation ETF (DAPP), VanEck Digital Assets Mining ETF (DAM), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Global X Blockchain ETF (BKCH), Bitwise Crypto Industry Innovators ETF (BITQ) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). When did Iris Energy IPO? Iris Energy (IREN) raised $215 million in an initial public offering on Wednesday, November 17th 2021. The company issued 8,269,231 shares at a price of $25.00-$27.00 per share. Who are Iris Energy's major shareholders? Iris Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Platinum Investment Management Ltd. (3.79%), Van ECK Associates Corp (2.23%), Vident Advisory LLC (1.85%), Mirae Asset Global Investments Co. Ltd. (1.56%), Exchange Traded Concepts LLC (0.92%) and Quarry LP (0.00%). How do I buy shares of Iris Energy? Shares of IREN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:IREN) was last updated on 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI healthcare stock poised for 36,996% growth?Behind the MarketsOnly a fool would buy Nvidia today… Porter & CompanyBill Gates is all about this tiny $2 stockTimothy Sykes Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Iris Energy Limited Please log in to your account or sign up in order to add this asset to your watchlist. 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